Apartment For Sale in Benoni

Property description

Prime Investment Opportunity: High-Yield Retail Hub in Benoni - Zahra Square

Location: Zahra Square, Corner Industry and Neethling Roads, Benoni.

Strategically positioned near 9 Main Reef Road, Benoni, Gauteng, South Africa 1500.
Unlock Exceptional Investment Potential in the Heart of the East Rand - Zahra Square!

For astute investors, both locally and internationally, the opportunity to acquire a well-established, income-generating retail asset in a strategic Gauteng location is rare. Zahra Square, a prominent double-storey modern building situated at the bustling intersection of Industry and Neethling Roads in Benoni, presents just such an opportunity. Its prime positioning, coupled with its existing improvements and income-generating capacity, makes this an investment poised for strong and sustainable returns.
Compelling Investment Highlights for Local and International Investors:
* Prime Gauteng

Location with Regional Significance: Benoni, within the East Rand of Gauteng, is a well-connected and economically active region.

Its proximity to major industrial areas, residential suburbs, and transportation networks makes Zahra Square a strategically vital retail hub serving a significant catchment area.

For local investors, this means investing in a familiar and understood market with proven growth.

For international investors, this offers a foothold in a key South African economic hub with established infrastructure and consumer demand.

* High-Visibility Intersection Ensuring Consistent Foot Traffic: The corner location at Industry and Neethling Roads guarantees exceptional daily traffic flow, a critical factor for tenant success and, consequently, consistent rental income.

This high visibility translates directly into increased brand exposure for tenants and a steady stream of potential customers.

This is a universally attractive attribute for any retail investment, regardless of investor origin.

* Proximity to Main Reef Road: Enhanced Accessibility and Wider Reach: The mall's strategic positioning near

Main Reef Road, a major arterial route connecting various parts of the East Rand, significantly enhances its accessibility for a broader consumer base.

This ease of access is a key driver for both local shoppers and those from surrounding areas, bolstering the mall's appeal and tenant viability.
* Modern Double-Storey Building with Income-Generating

Retail Spaces: The property features a modern double-storey building comprising 9 individual retail spaces, offering a diversified rental income stream.

This multi-tenanted structure provides inherent risk mitigation and the potential for varied service and product offerings, attracting a wider range of customers.

* Established Infrastructure and Well-Maintained Facilities: Benefit from a well-maintained property featuring internal corridors and stairs providing easy access to both levels, and dedicated toilet facilities on each level for tenant and customer convenience.

This established infrastructure reduces immediate capital expenditure and ensures a comfortable shopping environment.
* Ample Parking for Tenants and

Customers: The property offers 14 dedicated undercover parking bays for tenants (currently under construction), providing a valuable amenity and competitive advantage.

Additionally, there are 22 open parking bays available for customers, ensuring ease of access and convenience, which is crucial for retail success.

* Secure Environment for Peace of Mind: A dedicated security guard house/gate provides a secure environment for tenants and shoppers, enhancing the overall appeal and safety of the mall – a key consideration for both local and international investors prioritizing tenant satisfaction and asset protection.
* Strong Current and Significant Potential Rental Income:

The property currently generates an annual rental income of approximately R 713,460-00 (including VAT).

This demonstrates an immediate return on investment with the potential for further growth through strategic tenant management and optimization of rental rates.

This tangible income stream is a significant draw for investors seeking immediate returns.
* Total Extent and Business Zoning for Optimal Use:

The property boasts a total extent of approximately 2 189 m² and is zoned for Business & Commercial use.

This zoning allows for a wide range of retail and commercial activities, providing flexibility in tenant selection and future development possibilities.

* Serving a Robust and Growing Local Community: Benoni boasts a diverse and expanding population with a strong local economy.

Zahra Square is positioned to be the preferred retail destination for this community, fostering strong customer loyalty and ensuring long-term tenant stability.

Local investors understand the nuances of this market, while international investors can capitalize on the proven demand within a well-defined demographic.

* Potential for Value Enhancement and Future Growth:

Opportunities may exist for strategic upgrades, tenant mix optimization to cater to evolving local needs, or even phased expansion to further enhance the property's value and rental income potential.

This offers both local and international investors avenues for capital appreciation and increased returns.

* Favorable Investment Climate in Gauteng: Gauteng remains a key economic powerhouse in South Africa, attracting significant investment.

Zahra Square offers a tangible asset within this dynamic region, providing a secure and potentially high-growth investment opportunity.

Zahra Square presents a compelling investment proposition for both local investors seeking to expand their portfolio within a familiar and robust market, and international investors looking for a strategic entry into a key South African economic hub.

Its prime location, modern infrastructure, established income stream, and potential for future growth make it an asset poised for sustained success.

We invite you to conduct your due diligence and explore the significant potential that Zahra Square offers.

Detailed financial information, tenant profiles, and zoning documentation are available upon request. Contact us today to discuss how Zahra Square can become a valuable addition to your investment portfolio.
Total Extent: ± 2 189 m²

Zoning: Business & Commercial

Improvements:

Double storey modern building with 9 retail spaces
Corridors & Stairs
Toilet facilities (on each level)
14 undercover parking for tenants (still in construction)
22 open parking bays
Security guard house / gate
Current + Potential Annual Rental Income: ± R 713,460-00 (Incl. Vat)